Kinder Morgan announced its preliminary 2013 projections for Kinder Morgan, Inc. (KMI), Kinder Morgan Energy Partners, L.P. (KMP), Kinder Morgan Management, LLC (KMR) and El Paso Pipeline Partners, L.P. (EPB). Kinder Morgan anticipates strong growth in 2013 across the Kinder Morgan family of companies.
Kinder Morgan Inc. expects to declare dividends of $1.57 per share for 2013. This represents a 16 percent increase over KMI's 2012 budget target of $1.35 per share and a 12 percent increase over the $1.40 per share of dividends it expects to declare for 2012.
Kinder Morgan Energy Partners L.P. expects to declare cash distributions of $5.28 per unit for 2013, a 6 percent increase over its 2012 budget target of $4.98 per unit, which it expects to meet. Kinder Morgan Management, LLC expects to declare distributions of $5.28 per share for 2013.
El Paso Pipeline Partners, L.P. expects to declare cash distributions of $2.55 per unit for 2013, a 13 percent increase over its 2012 expected distribution of $2.25 per unit. In 2013, El Paso Pipeline Partners expects to generate earnings before DD&A of $1.22 billion, an increase of over $50 million compared to 2012.
by RTT Staff Writer
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